EFTA00166288¶
Deutsche Asset & Wealth Management¶
Disclaimer As of July 31, 2016¶
| Account Name: | JEFFREY EPSTEIN |
| Account Number: | |
| Base Currency: | USD |
Deutsche Bank, as agent: Unless otherwise specified, Deutsche Bank acted as agent in the transactions described in this account statement. The time(s) of execution of these transactions will be furnished within a reasonable time upon written request of the account holder. Deutsche Bank or its affiliates may profit or receive remuneration from other parties in connection with the transactions described in this account statement. Deutsche Bank will furnish the source and amount of any such remuneration upon written request of the account holder.¶
Accounts for which Deutsche Bank is acting as Trustee:¶
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California Trusts: California Probate Code Section 15080, et. seq., requires notification to the account holder of the following: (i) the recipient of this account may petition the court pursuant to California Probate Code Section 17200 to obtain a court review of this account and of the acts of the trustee reported herein, and (ii) claims against the trustee for breach of trust must be made within 3 years of the date the beneficiary receives an account or a report disclosing facts giving rise to the claim.
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Florida Trusts: An action for breach of trust based upon matters disclosed in a trust accounting or written report of the trustee may be subject to a 6-month statute of limitations from the receipt of the trust accounting or other report. If you have questions, please consult your attorney.
common Trust Fund Accounts: If your account is a participant in a Deutsche Bank’s Common Trust Funds, a full copy of the most recent audited annual report is available upon request without charge¶
Non-US Account holders: With respect to your assets custodied with Deutsche Bank, income and capital gains or distributions from your account may be taxable in your home jurisdiction. Please consult your tax advisor for the appropriate tax treatment of your transactions.¶
Confirmation of Tax and Compliance Responsibilities for Individuals: The Account holder confirms that it is his responsibility to fulfill any tax obligations and any other regulatory reporting duties applicable to him in any relevant jurisdiction that may arise in connection with assets, income or transactions in his account(s) and his business relationship with the Bank.¶
Confirmation of Tax and Compliance Responsibilities for Organizations: The Account holder confirms that it is its responsibility to fulfill any tax obligations and any other regulatory reporting duties applicable to it in any relevant jurisdictions that may arise in connection with income, assets or transactions in its accounts(s) and its business relationship with the Bank. Furthermore, the Account holder confirms that the necessary information (to the best of its knowledge and capabilities) is made available no less than annually to the relevant beneficial owner(s), settlement(s), beneficiary(ies), partner(s), etc. to enable him/her/them to fulfill any respective tax obligations that may arise for him/her/them in connection with the Account holder’s business relationship with the Bank.¶
For Investment advisory account holders: If there have been any changes in your financial situation or investment objectives, or if you wish to impose any reasonable restrictions on the management of your investment advisory account or reasonably modify existing restrictions, please contact your Primary Officer.¶
FDIC: Unless notified to the contrary in a particular case, the securities and financial instruments presented herein are not insured by the Federal Deposit Insurance Corporation (“FDIC”), are not guaranteed by, nor are obligations of, Deutsche Bank AG or any of its affiliates or subsidiaries and are subject to investment risk, including possible loss of the principal amount invested.¶
Deutsche Bank cannot guarantee the future performance of your account, promise any specific level of performance or promise that Deutsche Bank’s investment recommendations or strategies for your account will be successful.¶
Time Deposits(TDs) with Deutsche Bank AG:¶
Additions or Withdrawals Deposits¶
No additional deposits or partial withdrawals may be made to this TD. Any partial withdrawal will result in closure of the TD.¶
Early Withdrawals¶
Deutsche Bank imposes a penalty on any withdrawal from a TD prior to its maturity. The amount of the penalty will be calculated on the date of the early withdrawal as follows:¶
A “Penalty Rate” will be calculated. The “Penalty Rate” is the difference between the internal Deutsche Bank interest rate for the remaining period on the date of termination and the interest rate on your TD. The total principal balance of your TD on the date of termination will be multiplied by the Penalty Rate and then divided by either 360 or 365, as specified by your relationship manager. The resulting number will be multiplied by the number of days remaining until the original Maturity Date to arrive at the amount of the penalty.¶
An example of an early withdrawal penalty applying the methodology above will be provided to you upon request. In addition, an estimate of the early withdrawal penalty prior to termination with respect to your TD will be provided to you upon request.¶
Subject to written verification acceptable to Deutsche Bank in its sole discretion, no penalty will be charged for early withdrawal upon the death or loss of legal competency of any individual who is the account holder of the TD¶
Early Withdrawal penalties will reduce the amount of Interest earned on the TD.¶
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CONFIDENTIAL – PURSUANT TO FED. R. CRIM. P. 6(e)¶
000189 7/7¶
DB-SDNY-0002063 EFTA 00015537¶
EFTA00166289¶
Deutsche Asset & Wealth Management¶
Secondary Market:¶
Currently, no secondary market exists for this TQ and no assurance is provided that one will develop in the future.¶
Interest:¶
Interest will begin to accrue on the day of deposit. Interest will be credited to your account on the Maturity Date of the TD for TDs with a maturity of 12 months or less. For TDs with a maturity greater than 12 months interest will be paid annually and will not be added to principal. Interest will be calculated based upon either (1) a 350 day year or (2) a 385 day year, in each case for the number of days elapsed from the day of deposit to the maturity and as specified by your relationship manager. No interest will accrue on the TD after the Maturity Date. If the TD is closed prior to the Maturity Date, interest will only be credited to your account to the extent that it exceeds the early withdrawal penalty. Interest will not be compounded. The interest rate will not change during the period of the TD.¶
Maturity:¶
The TD will not automatically roll-over upon maturity¶
FDIC insurance:¶
Please note that your TD is not insured by the FDIC.¶
Tradmarks and Copyright; Moody’s Investor Service, Inc., and Standard & Poor’s Corporation. Standard & Poor’s (“S&P”) is a division of The McGraw-Hill Companies, Inc. Reproduction of any information provided by S&P in any form is prohibited except with S&P’s written permission. S&P does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. In no event shall S&P be liable for any indirect, special or consequential damages in connection with use of any S&P information.¶
The ratings of Moody’s Investors Service, Inc. (“Moody’s”) and for S&P reflected in this statement represent Moody’s and/or S&P opinions as to the quality of the securities they rate. Ratings are relative and subjective and are not absolute standards of quality. Credit quality of securities does not remove market risk. Additional information with respect to the securities that are reflected as “Not Rated” or “Rating Not Available” in the Credit Rating section of this statement is available upon written request of the account holder.¶
All trademarks and service marks on this statement belong to Deutsche Bank AG or its affiliates or subsidiaries, except third-party trademarks or service marks, which are the property of their respective owners.¶
The Global Industry Classification Standard (“GICS”) was developed and is the exclusive property and a service mark of Morgan Stanley Capital International Inc. (“MSCI”) and S&P. No party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties, or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties herby expressly disclaim all warranties or originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any of such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.¶
Please review your account statement. If you find or suspect any inaccuracies or discrepancies in your account statement, you must write to us to inform us of the suspected inaccuracy or discrepancy within 30 days to Deutsche Bank Trust Company Americas, P.O. Box 318, Church Street Station, MS NYC20-0004, New York, NY 10008-0318 otherwise any claims you have may be barred. Please call your Primary Officer if you have any questions.¶
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| Document ID: | 24081369185 |
|---|---|
| Generated: | 08/01/2016 |
| OID: | 00D |
CONFIDENTIAL – PURSUANT TO FED. R. CRIM. P. 6(e)¶
DB-SDNY-0002064 EFTA_00015538¶
EFTA00166290¶